Frontera Group, a firm based in the United Arab Emirates, New York and London, interested in financing projects in Ecuador

Last week, the group announced that it was in Ecuador talking with public entities about strategic projects

Representatives ofFrontera Capital Group,International Financial Group with its main headquarters inAbu Dhabi, Arab EmiratesAnd also in London and New York, they visited Ecuador to explore possible projects and sectors in which this group could haveBusiness options.

According to the company itself, Capital Frontera offers financing solutions to the measure of national and sectional governments, as well as public and private entities in the way of a fund, "but without the restrictions that banks have, which allows rapid actions, prior viability and performance analysis performed by the expert group."

About the topic,Diego Burneo, former manager of the BIESS and current member of the Siglocorp company that is responsible for structuring investment projects, explained that Ecuador has aroused interest in this group, especially at a time when the president's governmentGuillermoLasso seeks to attract at least about $ 30,000 million private investment.

Group capital border resources belong to their own partners and specialized funds that point to emerging markets in which they identify opportunities for investment in sovereign and subsoberan financing needs, as well as in sustainable projects and renewable energies in hydraulic, photovoltaic projects, social housing and efficient water use to work the projects properly and with sustainability. Part of those funds fromInvestment are in Luxembourg and Liechtenstein.

Burneo explained that within the work agenda in Ecuador they met with representatives of theNational Government, the municipality of Quito and entities such as the Ecuadorian Institute of Social Security (IESS), the National Financial Corporation (CFN), the BEDE, the Ministries of Production and Agriculture, as well as with Celec and with private sectors linked to biotechnology, among others.

For the International Group, the current conditions provided by Ecuador allow this approach, especially in aspects related to legal security and positive macroeconomic perspectives, which enhances the natural and strategic conditions of the country.

Capital border Group arrives in Ecuador by management ofGarcía Management, company with headquarters in Miami and Madridand associations in other countries in the region, specialists, among other issues, in the search for industrial, agricultural projects and public works in America and the Caribbean and their financing through international and national financial institutions, andSiglocorp, Ecuadorian company specializing in project structuring.

Two years ago, Siglocorp also presented the Energy Consortium Refining Systems, an association between KBR and Energy Investment Group, interested in handling the administration of the current emerald refinery. On the subject, Burneo said the project continues to advance, as it was already defined as of public interest. Additionally, he commented that the current government is analyzing the conditions under which it was being carried out, to ratify or modify it, as it is necessary.